In what state was Kidokinetics formed and on what date?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
We were formed in the State of Florida on July 29, 2005 as a Florida corporation, Kidokinetics Franchise Corp., and converted into a Florida limited liability company on March 9, 2021. Our principal business address is 10428 West SR 84, Unit 1, Davie, Florida 33324. We do business under our corporate name and the name "KIDOKINETICS." We offer franchises ("Kidokinetics Franchises" or "Franchise(s)") for Kidokinetics Businesses and have done so since September 2006. We do not conduct business under any other name or in any other line of business and we do not offer franchises in any other line of business. We do not conduct, and have never conducted, a business of the type described in this Franchise Disclosure Document. We grant Franchises to qualified persons or business entities to use the "KIDOKINETICS" trademarks and certain associated logos (the "Marks").
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–9)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Kidokinetics Franchise LLC was initially formed as Kidokinetics Franchise Corp. in the State of Florida on July 29, 2005. It later converted into a Florida limited liability company on March 9, 2021. This information is crucial for prospective franchisees as it establishes the legal foundation and history of the Kidokinetics franchise system.
Knowing the state and date of formation can be important for legal and business due diligence. Franchisees may want to verify this information with state records or consult with an attorney to understand any implications of the company's formation and conversion. Understanding the company's history and legal structure can provide a level of comfort and transparency for individuals considering investing in a Kidokinetics franchise.
It is also worth noting that Kidokinetics has been offering franchises since September 2006. This indicates the length of time the company has been in the franchising business, which can be a factor in assessing the stability and experience of the franchise system. Prospective franchisees should consider this information alongside other factors, such as the number of existing franchisees and the company's growth trajectory, when evaluating the Kidokinetics franchise opportunity.